Reconciling accounting is a process used to compare two sets of records, usually a company’s general ledger and its bank account, to check if they match up. It involves identifying and correcting any discrepancies between the two documents so that the company can get an accurate picture of its financial position. Through reconciling accounting, companies can identify any discrepancies in their financials quickly and take appropriate action. This can help reduce the risk of fraud or errors and ensure the accuracy of financial statements. By engaging in this important task on a regular basis, companies can build strong internal controls and maintain accurate records for years to come.